Balancing planning and execution for entrepreneurs

by Ashvini on March 12, 2013 · 8 comments

in General

Planning is essential to a project or business venture , so is the execution. Without a good plan, we will only keep executing that which is urgent or that which comes first to our mind. On the other hand, without good execution we will spend a lot of time in planning and not achieve much.

Like everything else in life, balance to both these activities are must. As a good general of your forces, you need to keep strategy and tactics in balance. Planning is same as the strategy which should be derived out of experience and situation on the ground. Tactics should form part of strategy and derived out of it.

Planning and execution often work in tandem. You can never have enough of them and also not lesser. Yet entrepreneurs often dwell on the one side more rather than keeping the balance. ID-10043560

A good project management requires good planning and also a good execution. Entrepreneurs are running up new projects all the time. The learning from one project is often fed into the next one. The strategy gets better and better until the entrepreneur cracks the code of success eventually.

Even though we may not recognize it , we are constantly planning and executing and adjusting our strategies. It also makes sense to then give our change of strategy or tactics some time before we analyse them for success.

Another important point is that if we don’t execute the plan and just keep thinking more about it, we may not learn how good it is . By executing the tasks in the plan, we can always know what works and what does not.

Spend a lot of time planning but do it before you start execution. Once you learn more keep adjusting the plan and document things you have learned. Taking this approach will yield huge benefits in the long run.

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{ 8 comments }

Rashmi Sinha March 12, 2013 at 11:58 pm

Hey Ashvini,

It is all about the plan, isn’t it. Step by step progress by an entrepreneur is the best way to reach the destination.
You nailed this post!!!
Thanks for the share!!!

Ashvini Kumar Saxena March 21, 2013 at 7:27 pm

Hi Rashmi,

I think its more about keeping the balance. Too much over reliance on one aspect , one may lead track of the other. But yes planning is extremely important as well :)

Daria Steigman March 12, 2013 at 10:03 pm

Hi Ashvini,

A big key is to not let the desire for a “perfect” plan get in the way of the doing. A lot of entrepreneurs get bogged down trying to nail down every detail — and then they never get started nor to do they get the chance to see if the plan can be executed.

A plan should never be set in stone. It should be an amendable document that you revise as you learn what works and what doesn’t.

Ashvini Kumar Saxena March 21, 2013 at 7:27 pm

Well said Daria and I don’t think it can be said any better way. Thank you :)

Adrienne March 12, 2013 at 9:29 pm

Hey Ashvini,

I so agree with this and I know as an entrepreneur that planning and then taking action is so important. I know that a lot of people plan things to death without taking action the required action which is a huge mistake.

The planning stages or important to grow your business but the execution of those plans is a must. Spot on my friend.

~Adrienne

Ashvini Kumar Saxena March 21, 2013 at 7:29 pm

Thank you Adrienne. I have worked with both kinds of people ( who prefer one over the other), one who put too much emphasis on planning means forever trying to nail everything in plan and other who is purely into execution. Needless to say both of them had their own set of big problems. :)

Radu March 12, 2013 at 2:50 pm

I think that aside from a good plan and good management you also need a great team that would resonate with your demands.

Ashvini Kumar Saxena March 21, 2013 at 7:30 pm

Oh yes, we definitely need a good team . No doubt about it.

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